General World News

Housing inventory is barely positive heading into fall

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Does this mean housing inventory has begun its seasonal decline? Here are the weekly numbers:

  • Weekly active listings rose by only 343
  • Mortgage rates rose from 7.08% to end the week at 7.22%
  • Purchase apps fell 2% week to week

Weekly housing inventory

At first glance, it seems we’re now seeing the seasonal active inventory decline since new listings data fell noticeably and active listings slowed to where we almost had a decrease in active listing growth. However, one week doesn’t make a trend. Yes, we are details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com